₦airaland Forum

tonjoan: eu 1hr meets resistance.Expect it to begin another selling round from either around here or 1.2450

I am looking for rooms to short that pair. (thanks)

JAkpayen: So u be small boy @ honeric


I think EU will still fall more for another 300 pips i.e. 1.2000

Can a boy be small again? well i am a young man and i thank God for that. (Its your value that determines your status)

donblanco: happy birthday to u and wishing all the good things u wish for

Theyjih: CFD's make sense but when e set for person head bah? Na ur body go tell yu..LOL welkommein zu der klub bruder


HAppy bornday bruv be fruitful, and have dominion o' er pips, babes, friends, foes alike .. na pastor Tonjoan suppose pray like dis but permit me the MID-week PIPSINOGEN pastor

mekuzoil: Happy Birthday bro,may all ur dreams become reality,IJN,Amen.

goldenboi: Happy Birthday Bro!!!

Thanks bros, may my today never brings any pip loss to anyone on this thread today. Amen! (but do not tempt God by trading against the trend o )

samyng: I will like to wish you and your loved ones Good health, prosperity, success, happiness and days filled with green pips..
Happy Birthday

Thanks bro and i appreciate

unclenna: i want to say a very happy birthday to one and only honeric01. Brother ur gud work in this thread will never b 4gotton. Wishing u more pips in this biz.

Thanks bro, may we all be alive to enjoy the sweaty rewards of our labour.

Dollars, yen and G4 bonds smell of roses

More blood on the streets of financial markets yesterday and overnight, with risk assets reversing still further and safe haven currencies and bonds smelling like roses. Interestingly, while the dollar remained very much in favour and money poured into US treasuries, it was actually the Japanese yen that shone even more brightly. Indeed, USD/JPY is now below 79, which no doubt will both alarm and disappoint Tokyo in equal measure. Although bond yields for Europe's fiscal miscreants soared, the price action in the single currency was more measured, as it drifted gradually down below 1.24, a fresh 2yr low. High-beta currencies such as the Aussie fared worse –it fell below the 0.97 level overnight. In general, May has been a dreadful month for emerging currencies – for instance, the likes of the Russian ruble and the Polish zloty have suffered a 10% decline thus far, while the Indian rupee has dropped to a record low. Likewise, commodities have been hard hit – Brent crude fell to USD 103.34 overnight, down more than 3% over the past 24 hours, while the copper price lost another 2.5%.

MARKET PLEASE GIVE ME THE BEST BIRTHDAY GIFT BY MAKING SURE I GET AT LEAST 500PIPS FOR TODAY AS BIRTHDAY GIFT.

TODAY'S MY BIRTHDAY AND I WISH MYSELF THE BEST WISHES OF LIFE THAT I DREAM AND PRAY FOR.

GOD BLESS ME.

there is less and less hope that we will see any meaningful retracement now, since market has broken all significant levels and reversal patterns.
Still, currently it stands at daily oversold and WPS1 and shows nice context for B&B "Sell", DRPO "Buy" or DRPO Failure pattern on 4-hour chart - depending on how price action will develop in nearest hours:


http://www.forexpeacearmy.com/forex-forum/sive-morten-analysis/20260-eur-usd-daily-video-may-31-2012-a.html

Crude Oil (Jul 12) intraday: the downside prevails.

Pivot: 88.60
Our Preference: SHORT positions below 88.6 with 87 & 86.4 in sight.
Alternative scenario: The upside penetration of 88.6 will call for a rebound towards 89.3 & 89.8.
Comment: technically, the RSI is below its neutrality area at 50.

GOLD (Spot) intraday: rebound.

Pivot: 1553.00
Our Preference: LONG positions above 1553 with 1570 & 1585 in sight.
Alternative scenario: The downside penetration of 1553 will call for 1545 & 1531.
Comment: the RSI advocates for further advance.

USD/JPY intraday: the downside prevails.

Pivot: 79.10.
Our Preference: SHORT positions below 79.1 with targets @ 78.55 & 78.45.
Alternative scenario: The upside penetration of 79.1 will call for 79.3 & 79.4.
Comment: the RSI is capped by a declining trend line.

EUR/USD intraday: under pressure.

Pivot: 1.2455.
Our Preference: SHORT positions below 1.2455 with 1.234 & 1.231 as next targets.
Alternative scenario: The upside breakout of 1.2455 will open the way to 1.249 & 1.252.
Comment: as long as 1.2455 is resistance, look for choppy price action with a bearish bias.

GBP/USD intraday: the downside prevails.

Pivot: 1.5550.
Our Preference: SHORT positions below 1.555 with targets @ 1.545 & 1.54.
Alternative scenario: The upside penetration of 1.555 will call for 1.559 & 1.562.
Comment: the RSI lacks upward momentum.

Dow Jones (Jun 12) intraday: the downside prevails.

Pivot: 12485
Our Preference: SHORT positions below 12485 with targets @ 12355 & 12290.
Alternative scenario: The upside breakout of 12485 will open the way to 12540 & 12600.
Comment: the upward potential is likely to be limited by the resistance at 12485.

FTSE 100 (Jun 12) intraday : the downside prevails.

Pivot: 5357
Our Preference: SHORT positions below 5357 with 5260 & 5245 in sight.
Alternative scenario: The upside breakout of 5357 will open the way to 5387 & 5415.
Comment:even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Yes, remember like minds attract?

if you aren't seeing any faithful men, check yourself!

[size=18pt]HE ACHIEVED SOMETHING



BROUGHT FACEBOOK TO NIGERIA! [/size]

FIRE!

Back..

Got beaten black and blue today. Shitz happens.

Aluta continua!

aguiyi: DON'T RAISE YOUR VOICE, IMPROVE YOUR ARGUMENT,

1.2475 is highest point i expect from that rally

You must be mr forex lol.. 1.2475 is the highest you expect? don't dare the market o.. one yeye man fit just talk from europe now and all you see is 200pips spike up

lbotus: ^^^ i thought i had sand in my eyes. first fed university indeed!!

You actually had sands in your eyes

Well Said: Femi Akintunde-Johnson wrote - THIS IS SAD...I MEAN TO PROVIDE A PLATFORM WHEREBY THE MEMORY OF MKO'S SACRIFICE AND STRUGGLES ARE DEMONISED, RUBBISHED AND SECTIONALISED BECAUSE OF UNILAG NAME FLIP, IS WORSE THAN COMPLETELY DENYNG HIM ANY HONOUR AT ALL.

BUT THEN IT IS POSSIBLE THE PRESIDENT MEANT WELL...IF SO, HE CAN RESCIND THAT DECISION, AS A DEMOCRAT WHO SUPPOSEDLY DERIVES HIS LEGITIMACY FROM A POPULAR MANDATE, AND THEN DIALOGUE WITH NIGERIANS ON THE BEST WAY TO IMMORTALISE MKO...

THEN ANNOUNCE IT TO POPULAR ACCLAIM NEXT MONTH ON JUNE 12... AND WE SHALL BACK-PAT JONATHAN, AND RENEW HOPE THAT PERHAPS WE HAVE A LISTENING PRESIDENT, NOT A STUBBORN MAN WHO MISJUDGES MAGNANIMITY WITH PERCEPTION OF WEEKNESS OR DOCILITY.

silibaba: is part of da game big bros, move on cos no looking back

Na so bro.

SL hit

Nothing do me.

hisableplc: time for short buy 4 me oh GU GJ EU i need to recover my losses

Be very careful o, let this candle close first

Wow, did anybody die? see silence o

Stay away in May

Assets prices were not unlike a volcano yesterday – all quiet on top, but a bubbling cauldron of fire and friction underneath. Although most now accept that the end is nigh for Greece in terms of continuing participation in the eurozone, events in Spain are moving so incredibly quickly that the centre of global systemic risk has now shifted indelibly to Madrid. Yesterday's news that retail sales in Spain collapsed by 16% in real terms in the year to April confirmed that this is another European economy in freefall. Almost everywhere you look in southern Europe the news is disturbing. Unsurprisingly, confidence in the single currency continues to ebb away; the euro dropped to a new 2yr low of 1.2457 overnight. In the month of May alone, the euro has fallen by almost 6%. Once more it is the dollar and the yen that are winning the forex popularity contest, while G4 bonds continue to set new record lows in yield. Gold is still really struggling (see below for a more detailed discussion) – it fell to USD 1,545 overnight. Oil prices are still plunging, providing further evidence that global demand has waned markedly in the current quarter. Brent crude fell below USD 107 last night, a fall of almost USD 20 in less than two months. That old investment adage 'sell in May and go away' has once again been remarkably prescient.

MADDDDD, well stay out of the market if you don't have the margin to rock the market

unclenna: I just entered BUY for this two pairs. Though for 20-30pips take profit.

Trailing stop to follow, who knows? it is likely to break higher.